AMG GW&K High Income Fund (MGGBX)
The fund seeks to invest principally in a diversified portfolio of short-term, below investment grade corporate bonds (commonly known as “junk bonds” or “high yield securities”). It seeks to achieve a high level of current income while minimizing price volatility associated with credit and interest rate risk. Although the fund may invest in instruments of any duration or maturity, it normally will seek to maintain a weighted average maturity of five years or less.
Fund Info
US00170L8265
00170L826
Mar 25, 1994
$2,000
Expense Ratio
MGGBX features an expense ratio of 0.84%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AMG GW&K High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MGGBX
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^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of MGGBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.38% | -0.09% | 0.95% | -0.70% | 0.95% | 0.71% | 0.39% | 0.44% | 3.15% | ||||
| 2023 | 2.64% | -1.23% | 1.66% | 0.79% | -0.81% | 0.59% | 0.90% | 0.17% | -0.97% | -0.37% | 3.26% | 2.26% | 9.13% |
| 2022 | -2.34% | -0.77% | -0.61% | -2.81% | 0.76% | -4.99% | 4.81% | -2.02% | -2.76% | 1.95% | 2.28% | -0.12% | -6.81% |
| 2021 | -0.00% | 0.36% | 0.43% | 0.76% | 0.41% | 0.91% | 0.21% | 0.48% | -0.10% | -0.14% | -1.13% | 1.44% | 3.67% |
| 2020 | 1.21% | 0.37% | -4.16% | 2.67% | 2.37% | 1.86% | 3.88% | 0.64% | -0.94% | 0.22% | 2.75% | 0.90% | 12.16% |
| 2019 | 2.89% | -0.53% | 0.78% | -0.10% | 0.87% | 2.59% | -0.84% | 1.27% | -0.70% | 1.03% | -0.88% | 1.11% | 7.67% |
| 2018 | 1.61% | -1.31% | 0.71% | -1.69% | -1.67% | -0.97% | 0.44% | -0.73% | -0.10% | -2.07% | 0.15% | 1.46% | -4.17% |
| 2017 | 1.84% | 0.98% | 0.97% | 1.47% | 1.54% | 0.29% | 2.10% | 1.01% | -0.47% | -0.67% | 0.91% | 0.14% | 10.55% |
| 2016 | -0.88% | 1.78% | 4.63% | 3.23% | -2.02% | 2.22% | 1.92% | 0.49% | 0.59% | -2.10% | -5.05% | 0.26% | 4.79% |
| 2015 | -0.46% | 0.10% | -1.48% | 2.02% | -1.32% | -0.77% | -0.57% | -0.83% | -1.47% | 1.65% | -2.20% | -0.99% | -6.22% |
| 2014 | -0.05% | 2.34% | 0.45% | 1.43% | 1.02% | 0.63% | -0.86% | 0.68% | -2.31% | 0.44% | -0.39% | -1.46% | 1.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, MGGBX is among the top 21% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AMG GW&K High Income Fund (MGGBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AMG GW&K High Income Fund provided a 3.30% dividend yield over the last twelve months, with an annual payout of $0.68 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.99 | $0.82 | $0.58 | $1.89 | $0.07 | $0.14 | $0.00 | $0.00 | $0.28 | $0.37 |
Dividend yield | 3.30% | 4.71% | 4.09% | 2.59% | 8.49% | 0.31% | 0.70% | 0.00% | 0.00% | 1.52% | 1.89% |
Monthly Dividends
The table displays the monthly dividend distributions for AMG GW&K High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.09 | $0.08 | $0.09 | $0.13 | $0.10 | $0.29 | $0.00 | $0.00 | $0.00 | $0.77 | |||
| 2023 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.99 |
| 2022 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.13 | $0.82 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.04 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.58 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 | $1.89 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2014 | $0.37 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the AMG GW&K High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AMG GW&K High Income Fund was 25.19%, occurring on Jul 5, 2001. Recovery took 454 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.19% | Dec 15, 1998 | 652 | Jul 5, 2001 | 454 | May 1, 2003 | 1106 |
| -21.4% | Mar 18, 2008 | 174 | Nov 21, 2008 | 174 | Aug 4, 2009 | 348 |
| -11.81% | Mar 9, 2020 | 11 | Mar 23, 2020 | 53 | Jun 8, 2020 | 64 |
| -11.29% | Jul 1, 2014 | 393 | Jan 21, 2016 | 132 | Jul 29, 2016 | 525 |
| -11.05% | Sep 15, 2021 | 261 | Sep 27, 2022 | 306 | Dec 14, 2023 | 567 |
Volatility
Volatility Chart
The current AMG GW&K High Income Fund volatility is 0.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.